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OAKLAND, MARYLAND – AUGUST 22: In this aerial view, turbines that are part of Constellation … [+] Energy’s Criterion Wind Project stand in a row along the top of Backbone Mountain on August 22, 2022 in Oakland, Maryland. The 70-megawatt wind farm runs along eight miles of the mountain ridge and consists of 28 Clipper 2.5 MW Liberty Turbines, each one 415-feet tall. As of 2016, wind power accounted for only 1.4 percent of all in-state electricity generation in Maryland. Two large off-shore wind projects are currently in development. (Photo by Chip Somodevilla/Getty Images)Getty ImagesIf the Inflation Reduction Act lives up to its promises, it will cut electricity rates by 9% and gas prices by 13% — a function of shifting from fossil fuels to green energy. As a result of the solar power tax credit, Florida Power & Light is building 50 sites statewide and will refund $5.8 million to its customers.
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